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When it comes to buying a house, some prefer period charm and eclectic detailing, while others seek out efficient appliances and that pristine, move-in condition. We've mapped out the advantages and potential investment concerns of both. Here’s what to look out for when navigating the 'old house, new house' debate.
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Good reasons for having a second home in Bella Italia or lively Spain. The warm climate, only a few days of rain each year, and fresh Mediterranean air right on your doorstep! All of this is possible in Spain and Italy. Characterised by millennia-old culture, impulsive cities and internationally renowned cuisine, these two countries are ideal if you are looking for a holiday home abroad. In this article, you can find out which regions are most popular and where to invest in a second home. You will also learn about the regulations and requirements that apply when buying property in Spain or Italy.
Not all apartments are the same: If you are planning to move and buy a property, you should familiarize yourself with the different types of apartments and their characteristic features by now at the latest. A spacious apartment, a loft in a former factory where artists run their studios, a penthouse apartment in the heart of a trendy metropolis or would you prefer a 3-room apartment by a park? The choice could be easier. Your real estate agent Engel & Völkers Germany presents the different types of apartments to make your purchase decision easier.
Real estate has always been a significant avenue to building wealth. Investing in either residential or commercial property can yield stable cash flow,potential for growing your capital, and diversification, all of which are attractive to large portfolios. In addition, directly investing in real estate gives greater control of the risk profile, ownership structure, and business model. Furthermore, a property is something you can touch and experience, meaning that it is often a more emotional pursuit than stocks or bonds.
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A holiday home on the Baltic Sea or a weekend retreat in the countryside for own use are generally to be regarded as second residences. If, on the other hand, the holiday home is used exclusively for rental purposes, it is definitely not a second residence. In fact, an investment in holiday property can become a commercial property when certain income limits are reached. In both cases, the question of whether this constitutes a second residence is easy to answer. The situation is different if the property owners use their holiday home for themselves on weekends or during holidays and rent it out during the rest of the year.
Buying a house anywhere, even if it's for the relaxing pursuit of a holiday, is a financial investment. That's why you should be looking for the best place to buy a holiday home based on market trends, gathering all the information you can before investing in a property.There are some upcoming hotspots around Europe you should be looking if you're considering a second home, combining everything you could possibly want from your holiday with a solid investment in real estate.
The house viewing is certainly one of the most important phases when buying and selling a house. For prospective buyers, it provides the opportunity to get an accurate impression of the property, while giving the owner the opportunity to find the right buyer. It is therefore all the more important that this part of the property sale is carefully prepared and carried out. In the following we therefore explain the most important aspects of a house viewing and what buyers and sellers need to be aware of.
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Contact
Engel & Völkers Germany
Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +49 40 361310